For a business such as UBS, supporting this project is a way of showcasing its own work with SME founders and owners – an important source of current and future clients.

UBS is sponsoring the UK-wide expansion of a project honouring the fastest-growing firms in Wales.

A list of 400 eligible firms in nations and regions of the UK will be published in the autumn of 2023, namely the East of England, London, the Midlands, the North of England, Northern Ireland, Scotland, the South of England, and Wales.

“Fast-growth” firms are those chalking up 20 per cent growth a year. They account for less than 0.6 per cent of all UK businesses but account for half of the total small- and medium-sized enterprise turnover output.

The focus on such rapidly expanding businesses fits with the UK government’s “levelling up” agenda for the UK regions, UBS said in a statement. 

For a business such as UBS, supporting this project is a way of showcasing its own work with SME founders and owners – an important source of current and future clients.

The list will open for applications on 1 March and those named on the list will be celebrated at awards events in Belfast, Birmingham, Bristol, Cambridge, Cardiff, Edinburgh, Leeds and London in October and November.

"Since 1999, we have seen the massive impact that the fastest growing firms in Wales have had on the economy with 701 businesses creating 55,000 jobs and generating £30 billion of additional turnover, much of which is spent in their local area,” Professor Dylan Jones-Evans, founder of the Fast Growth 50, said.